As a previous post mentioned, the share buyback was announced was some time ago, when the funds were sold to Centuria.
TGP is trading at a discount to Net assets (as per their recent guidance for 1H). So Yes, they should be buying back aggressively!
According to ASX, Tony Pitt recently purchased an addition 4m units (@90c).
I doubt very much that he is looking to exit in a block trade. My instinct is that he wants to pursue other companies within 360 Capital with that giant warchest.
The share buyback is in lieu of a special dividend. Which makes sense while the SP is at $0.87. However, it doesn’t return those franking credits L
As a previous post mentioned, the share buyback was announced...
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Last
61.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $142.6M | |||
| Open | High | Low | Value | Volume |
| 61.5¢ | 62.5¢ | 61.5¢ | $24.48K | 39.69K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20792 | 61.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 62.0¢ | 40997 | 2 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
61.5¢ |
Change
0.000 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 62.0¢ | 62.0¢ | 61.5¢ | 7268 | ||
| Last updated 14.20pm 17/05/2024 ? | |||||
| TGP (ASX) Chart |